Asset Valuation i n Shariah Accounting to Determine the Zakat Amount of a Company with Historic Cost and Current Value

The purpose of this study is to analyze and determine the comparison between
historical cost and present value as a basis for asset valuation to determine the amount of zakat in
a company. The research was conducted at the Makassar branch of the Indonesian Stock
Exchange. The researchers also visited the official website of the Indonesian Stock Exchange
(www.idx.co.id) and the official website of the Shariah Capital Market Financial Services
Authority (www.syariah.ojk.go.id). The study lasted about 2 months from August 2020 to
September 2020. This study used quantitative data methods. This research adopts a case study
method. The data source used in this study is secondary data obtained from the financial
statements of companies published by the Indonesian stock exchange. The results show that, due
to the lack of socialization of the company, the existence of different calculation formats and
different financial statement elements between the current standard format and the fiqh language,
almost all calculation methods show larger results, so the calculation of enterprise zakat still
encounters problems. To the difficulty When an asset is valued, use the current value.